Five9 (NASDAQ:FIVN) Now Covered by KeyCorp

KeyCorp began coverage on shares of Five9 (NASDAQ:FIVN - Free Report) in a research note issued to investors on Friday, Marketbeat Ratings reports. The firm issued an overweight rating and a $35.00 price objective on the software maker's stock.

Other research analysts have also issued reports about the company. Mizuho dropped their price objective on Five9 from $55.00 to $42.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Barclays cut their price objective on Five9 from $60.00 to $33.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Rosenblatt Securities reissued a "buy" rating and set a $36.00 price objective on shares of Five9 in a report on Tuesday, May 13th. Wells Fargo & Company cut their price objective on Five9 from $45.00 to $23.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Finally, Needham & Company LLC cut their price objective on Five9 from $52.00 to $40.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Seven analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, Five9 currently has an average rating of "Moderate Buy" and an average target price of $43.15.

Five9 Stock Performance

Shares of NASDAQ FIVN traded up $0.41 during trading hours on Friday, reaching $29.56. The stock had a trading volume of 1,849,885 shares, compared to its average volume of 1,695,499. The business's fifty day moving average is $25.42 and its two-hundred day moving average is $33.76. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.85 and a quick ratio of 1.85. The company has a market cap of $2.25 billion, a price-to-earnings ratio of -147.79, a PEG ratio of 9.41 and a beta of 1.20. Five9 has a twelve month low of $21.04 and a twelve month high of $49.90.

Five9 (NASDAQ:FIVN - Get Free Report) last issued its earnings results on Thursday, May 1st. The software maker reported $0.62 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.14. The business had revenue of $279.71 million during the quarter, compared to analyst estimates of $272.26 million. Five9 had a positive return on equity of 3.62% and a negative net margin of 1.23%. Five9's revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.48 earnings per share. As a group, research analysts expect that Five9 will post 0.28 EPS for the current year.

Insider Buying and Selling

In other news, CEO Michael Burkland sold 5,475 shares of the business's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of $28.28, for a total transaction of $154,833.00. Following the completion of the transaction, the chief executive officer now directly owns 385,987 shares in the company, valued at approximately $10,915,712.36. The trade was a 1.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Leena Mansharamani sold 1,135 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $30.20, for a total value of $34,277.00. Following the transaction, the chief accounting officer now owns 47,165 shares of the company's stock, valued at $1,424,383. The trade was a 2.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,701 shares of company stock worth $968,851 over the last three months. 1.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Five9

Several institutional investors have recently modified their holdings of FIVN. Acadian Asset Management LLC acquired a new position in shares of Five9 in the 1st quarter valued at $1,029,000. Bayforest Capital Ltd acquired a new position in Five9 in the first quarter valued at about $127,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Five9 by 292.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,679,356 shares of the software maker's stock worth $72,745,000 after acquiring an additional 1,996,628 shares in the last quarter. Petrus Trust Company LTA bought a new stake in shares of Five9 in the first quarter worth about $224,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Five9 by 0.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 209,538 shares of the software maker's stock worth $5,689,000 after purchasing an additional 1,070 shares during the period. 96.64% of the stock is currently owned by institutional investors and hedge funds.

Five9 Company Profile

Five9, Inc, together with its subsidiaries, provides intelligent cloud software for contact centers in the United States, India, and internationally. It offers a virtual contact center cloud platform that delivers a suite of applications, which enables the breadth of contact center-related customer service, sales, and marketing functions.